Our quarterly numbers are out. There is much to take in so, rather than invite disarray, I'm posting numbers from the production side. As others here contribute, the overall picture will change, providing a broader view from which we can glean value. I'm looking forward to an enriching discussion.
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Press Release: Caza Oil & Gas Announces Second Quarter Results and Provides Operational Update
Caza Oil & Gas Announces Second Quarter Results and Provides Operational Update
HOUSTON, TEXAS--(Marketwired - Aug. 14, 2014) - Caza Oil & Gas, Inc. ("Caza" or the "Company") (TSX:CAZ)(AIM:CAZA) is pleased to provide its unaudited financial and operational results for the three-months ended June 30, 2014.
Unaudited Second Quarter Financial Results
-- Caza's revenues from oil and natural gas sales increased 489% to
US$6,286,049 for the three-month period ended June 30, 2014, from
US$1,067,991 for the comparative period in 2013. This also represents a
quarter-on-quarter increase of 37% compared to US$4,591,507 in Q1 2014.
-- Adjusted EBITDA increased to US$3,269,495 for the three-month period
ended June 30, 2014, as compared to an adjusted EBITDA loss of
(US$824,891) for the comparative period in 2013. This also represents a
quarter-on-quarter increase of 65% compared to US$2,139,210 in Q1 2014.
-- Caza's oil and natural gas liquids (NGL) production increased 495% to
65,823 bbls for the three-month period ended June 30, 2014, from 11,059
bbls for the comparative period in 2013. This was also an increase of 47%
from 44,724 bbls in Q1 2014.
-- The Company's oil and NGL production has increased to 78% of the
Company's combined oil and natural gas production in Q2 2014 from 54% in
Q2 2013.
-- Caza's natural gas production increased 100% to 111,016 Mcf for the
three-month period ended June 30, 2014, from 55,626 Mcf for the
comparative period in 2013.
-- Average net production volumes increased 320% to 937 Boe/d for the
three-month period ended June 30, 2014, from 223 Boe/d for the
comparative period in 2013, and have since increased to an average of
1,315 Boe/d during the month of July 2014. The Company's net aggregate
production for the month of July was 40,776 Boe, which is currently ahead
of the Company's forecast.
AI
